CME Group Sets New July Daily Volume Record with 24.8M Contracts
Portfolio Pulse from Benzinga Newsdesk
CME Group reported a new July average daily volume (ADV) record of 24.8 million contracts, a 24% increase from July 2023. The company's interest rate, equity index, metals, agricultural, and options products also reached July ADV records, with the U.S. Treasury complex hitting a new July volume record of 6.6 million contracts.
August 02, 2024 | 11:36 am
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CME Group set a new July average daily volume (ADV) record of 24.8 million contracts, a 24% increase from July 2023. This growth was driven by records in interest rate, equity index, metals, agricultural, and options products, as well as a new July volume record in the U.S. Treasury complex.
The significant increase in average daily volume (ADV) and records across multiple product lines indicate strong operational performance and potential revenue growth for CME Group. This positive news is likely to boost investor confidence and drive the stock price up in the short term.
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